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Today’s headlines: Why cement prices are going up — Dangote, EFCC arrests ex-Kwara governor, Abdulfatah

EFCC arrests ex-Kwara governor, Abdulfatah Ahmed

The former Governor of Kwara State, Abdulfatah Ahmed has been arrested by the Economic and Financial Crimes Commission (EFCC).

According to Punch, A reliable source said, “the EFCC interrogated Ahmen in the room for over seven hours over alleged N9billion fraud during his tenure in 2011 and 2019.

Why cement prices are going up — Dangote 

In recent times, there has been a rise in the price of comment in the country which has raised the customer’s curiosity.

Following the increase in price of the The product, the Group Chief Commercial Officer, Dangote Industries Limited, Rabiu Umar, has disclosed the factors surrounding the upward review in the price of the commodity.

According to Vanguard, Umar mentioned that the demand and supply chain is what drives the market.

He added that the demand for the commodity outweighs supply, therefore, causing scarcity of the product.

In a bid to rescue the situation, Dangote has completed its production plant in Opela, Edo State in order to boost the production of the scarce commodity.

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Abdulfatah Abdulfatah Ahmed Ahmen Dangote EFCC


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